Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Sheridan Company 2022 $1,874,000 1,068,180 266,108 7,496 71,212 2021 488,963 $468,615 790,200 99,488 170,985 750,000 113,722 135,000 Crane Company 2022 $563,000

280,937 91,206 2,252 34,906 125,004 209,592 53,022 44,430 2021 $119,201 188,718 45,422 37,500

CurrentassetsPlantassets(net)CurrentliabilitiesLong-termliabilitiesCommonstock,$10parRetainedearnings488,963790,20099,488170,985750,000258,690$468,615750,000113,722135,000750,000219,893125,004209,59253,02244,430180,00057,144$119,201188,71845,42237,500180,00044,997 repare a vertical analysis of the 2022 income statement data for Sheridan Company and Crane Company. (Round all ratios to 1 lecimal place, e.g. 2.5\%.) \begin{tabular}{|c|c|c|c|c|} \hline Operating Expenses & & 266,108 & % & 91,206 \\ \hline Income Tax Expense & & 539,712 & % & 190,857 \\ \hline \end{tabular} Cost of Goods Sold